We took a good look at the August futures during yesterday’s tutorial session, finding a few reasons why this rally should hit $1000 even if it is not the one that’s going to get us to the Promised Land.  Two things to notice:  1) the last selloff failed, by a few dollars, to reach an $899 target that I’d flagged as a minimum downside objective; and, 2) the subsequent reversal has had little difficulty banging out a series of fresh impulse legs on the hourly chart. So what would it take to suggest the intermediate-term picture is more than just moderately bullish?  Answer: An uncorrected thrust from 940.10 to 966.80, creating a bullish impulse leg on the daily chart (see inset). We’ll wait for this crucial piece of evidence before we get excited about the promising move off $900. _______ UPDATE (from the chat room):  The daily chart shows a pattern that got shapelier with yesterday’s rally: A=882.00 (April 30) and B=992.10 (June 3). It yields a ‘D’ target at 1014.90, with a midpoint at 959.90 that can serve as a minimun upside target for the near term.